Indian Equity Market Surpasses Hong Kong, Ranks 4th Globally with $4.33 Trillion Market Cap
India’s equity market has outpaced Hong Kong’s Hang Seng, securing the fourth position globally with a market capitalization of $4.33 trillion. This milestone, marking India’s ascendancy, underscores the nation’s robust economic standing. The US remains the largest stock market with a staggering $50.86 trillion market cap, followed by China at $8.44 trillion and Japan at $6.36 trillion.
India achieved a historic milestone on December 5, crossing the $4 trillion market cap threshold, propelled by a burgeoning retail investor base, consistent foreign institutional investments (FII), impressive corporate earnings, and resilient domestic macroeconomic fundamentals. Over the past four years, the Indian stock market has experienced remarkable growth, settling with gains for eight consecutive years.
While India thrives, Hong Kong’s Hang Seng faces a four-year losing streak, reflecting negative sentiment towards China. China’s stringent anti-COVID-19 measures, regulatory crackdowns, a real estate crisis, and geopolitical tensions have collectively diminished its position as the global growth engine, causing a substantial dip in the total market value of Chinese and Hong Kong equities.
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